1. [Volume 1, Issue 6]
The
Beginner’s
Guide to
Finding a
Foreclosure
Contents
You do not have to be overwhelmed by Introduction……………………. 1
the vast number of foreclosure listings
Finding a Foreclosure………....2
you may find in your area. Having a wide
selection of foreclosed homes to choose Contact Info………………………. 3
from is preferable for you as the
homebuyer. The foreclosure rate is as
high as ever, making this a buyer’s
market. You just need to know what kind
of home you are looking for among
various foreclosures for sale.

2. 2
You’ve narrowed down your foreclosed houses
selection to those that are in your price range.
You’ve read through all the details and viewed
every photo of these foreclosure properties and are
ready to see them in person. You may be
wondering, “How will I know which of the homes is
right for me?” This guide will show you what to
look for when visiting foreclosures:
 Know your needs: Homebuyers will want a home in which they know they can be
living comfortably. A larger family needs more space than a single person or childless
couple. Investors need to choose a house that they know they can rent or sell
reasonably. They may be more interested in commercial foreclosure properties
rather than a residential foreclosure.
 The cost of repairs: A foreclosed home might be in some state of disrepair. That
does not mean the home will not be worth the discount, but it does mean you should
hire a contractor. You should also run a title search on foreclosure properties and
hire an appraiser. Remember, government foreclosures are sometimes better
maintained than other real estate foreclosures.
 Explore the neighborhood: Find out the proximity of the house to shops, business,
schools, parks and public transportation. Investors especially want foreclosure
properties close to these. Research the local crime rate and the ranking of public
schools in the area to help you determine the quality of the neighborhood.

3. 3
Most people have an idea of what they want in mind for a
Foreclosure DataBank house, such as the size, amount of land, cost, etc. However,
not everyone takes the quality of the neighborhood or the
1602 Alton Road #432
cost of repairs into consideration. Keep the proximity to
Miami Beach, FL 33139
1-888-596-9279 neighborhood commodities and how much it will cost to
ForeclosureDataBank.com@gmail.com fix repairs and liens in mind when visiting foreclosures.
The biggest foreclosures database on
the web
Find us on the Web:
www.ForeclosureDataBank.com
Do you need to know more about finding foreclosure
properties? Our blog may be very helpful to you:
http://www.foreclosuredatabank.com/foreclosure_lists.h
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